Rural water utilization: Factors affecting aquaculture in Owo local government area of Ondo State, Nigeria

Abstract

The study was on factors affecting aquaculture in Owo local government area of Ondo state, Nigeria. Despite
the challenges being faced by the rural people of the study area in accessing water for various uses, they still
had a very good utilization of the available water for aquaculture. However, several factors of which the major
ones were number of ponds owned, size of farm, years of aquaculture experience and cost of land with some
others were still affecting aquaculture in the study area. Regression analysis result showed that the number
of ponds owned (0.727) and size of farm (0.071) were positively correlated to the farmers revenue while years
of experience (-0.041) and cost of land (-0.513) had negative impact on farmers revenue. The concept of
costs, returns and profitability is also discussed to show how well aquaculture was doing in the study area as
a source of income generation.